Criticalness, rarity, imitability, and substitutability are all critical to competitive advantage of an organization.

Question

Quizplus · Accepted Answer

These factors are part of the VRIO framework (Value, Rarity, Imitability, Organization) which assesses the qualities that contribute to an organization's competitive advantage. Rarity, Imitability, and Substitutability (part of the 'I' in VRIO for 'Inimitability') are crucial in determining if a resource or capability can provide sustainable competitive advantage. Criticalness, while not explicitly named in the VRIO acronym, is inherent in assessing the value and utility of the resources in question.

Criticalness, Rarity, Imitability, and Substitutability Are All Critical to Competitive